Which document is referenced regarding the meaning of Substantial Completion?

Prepare for the Mississippi NASCLA and Residential Exam. Test yourself with multiple choice questions, each with detailed explanations. Ace your exam!

The document that specifically addresses the meaning of Substantial Completion is AIA Document G704-2000. This document is known as the 'Certificate of Substantial Completion.' It serves a critical role in the construction process, as it officially denotes the point at which the construction of a project is sufficiently complete in accordance with the contract documents, allowing the owner to occupy or utilize the building for its intended purpose.

Substantial Completion is significant because it marks a critical milestone in a construction project, triggering various contractual obligations including the beginning of the warranty period, the release of retainage, and adjustments to the contract sum or duration based on the completion of specific work items. The G704 document provides a formal process for declaring substantial completion, ensuring that both the contractor and the owner have a mutual understanding of what that completion entails, along with any pending items that need to be resolved.

This understanding is essential for managing expectations between contractors and owners, facilitating the transition from construction to occupancy. The nuances found in the G704 are crucial for the successful completion of any construction project, making it the authoritative reference for the definition and implications of Substantial Completion in this context.

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